Europe based brokerage Admiral Markets has announced an update to their CFD offering on indices of the world’s largest exchanges, as follows: decreasing spreads and margin rates, expanding the list of instruments, adding special features, such as extended trading hours and fixed in-hour spreads.
Also an improvement in the offering, Admiral Markets is offering the possibility to trade lot fractions of all main instruments in this category.
What’s new today?
From now on, it is possible to trade mini contracts starting from 0.1 lots on: DAX30, DJI30, SP500, NQ100, the majority of the remaining cash indices.
This change is of particular benefit for active CFD traders, as the decreased minimum lot increment allows for more accurate money management. For example, if an account’s equity increased, trading DAX30 with 1.0 lots might motivate continuing the strategy with a 10% increase in trade size.
Conversely, if the equity decreases – there might be a need to reduce the trade size. This change allows traders to flexibly manage trade sizes using increments like 0.9 lots, 1.1 lots, 1.2 lots, 2.8 lots etc.